McGuireWoods’ nationally recognized private equity team advised Cain Foods, a manufacturer of clean label ingredients for industrial bakeries, in its sale to Apheon, a pan-European private equity investor. Apheon merged Cain Foods with its Italian-founded portfolio company Millbio, creating a vertically integrated, global platform in natural bakery solutions that spans Americas, Europe and Asia.
Headquartered in Dallas, Texas, Cain Foods produces clean label ingredients and custom mixes to commercial bakeries across the Americas. Its portfolio includes natural mold inhibitors, dough conditioners, shelf-life extenders and custom ingredient systems. Cain Foods’ shareholders, including top management and founding family members, reinvested significantly alongside Apheon and Millbio’s team for strategic continuity and growth alignment with global scale.
The McGuireWoods team representing Cain Foods in this cross-border transaction included partners Jon Finger and Stuart Rasley, and associates Erin Ball and Reilly Faith. Partner Gerald V. Thomas II and associate Janelle Darnell advised on tax matters.
“We were pleased to work with Cain Foods on this important transaction, which creates a powerful platform with global reach and strong growth potential,” said Finger, leader of McGuireWoods’ Private Equity Industry Team.
McGuireWoods’ private equity lawyers advise institutional investors, independent sponsors, emerging managers, family offices, investment advisers, management teams, lenders and portfolio companies. The firm earned nationwide rankings for M&A and private equity deal work in the Chambers USA and Legal 500 United States guides. Its international Independent Sponsor and Emerging Manager programs distinguish McGuireWoods as the preeminent law firm for emerging private investment fund managers.